Unexplained investment u/s 69B - section 50C is deeming ...

Section 50C allows AO to adjust sale value for capital gains, not for unexplained investments u/s 69B.

January 1, 2016

Case Laws Income Tax AT

Unexplained investment u/s 69B - section 50C is deeming provision, which authorizes the AO to replace the sale consideration with regard to the full value of consideration disclosed by the assessee for the purpose of computing the capital gain - But, this section is of no help while determining the unexplained investment of the assessee. - AT

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Unexplained investment u/s 69B - section 50C is deeming ...

Section 50C allows AO to adjust sale value for capital gains, not for unexplained investments u/s 69B.

January 1, 2016

Case Laws Income Tax AT

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